Patrick Grove's Catcha files to raise US$250m for blank-cheque firm

Singapore

SINGAPORE-BASED Catcha Group has filed to raise US$250 million for a special purpose acquisition company (SPAC), saying the vehicle would target technology companies in South-east Asia and Australia.

The SPAC, called Catcha Investment, will be run by Catcha Group's co-founders Patrick Grove and Luke Elliot. Mr Grove, who has set up startups including iflix, iProperty Group, and iCar Asia, will serve as chief executive and chairman; Mr Elliot will serve as president and director.